On Tuesday morning, Bloomberg reported that special counsel Robert Mueller was taking a look at President Donald Trump's finances.

Specifically, the report said that:

Special prosecutor Robert Mueller zeroed in on President Donald Trump’s business dealings with Deutsche Bank AG as his investigation into alleged Russian meddling in U.S. elections widens.

Mueller issued a subpoena to Germany’s largest lender several weeks ago, forcing the bank to submit documents on its relationship with Trump and his family, according to a person briefed on the matter, who asked not to be identified because the action has not been announced.

The news gained immediate traction, with many public figures celebrating Bloomberg's article:

Yes! I have been waiting for this. Deutsche Bank known as the Laundromat for Russian money has an unusual lending relationship with Trump and Kushner. This is big! https://t.co/mCqVFcLKlG

However, the White House is now responding to the report, shutting it down completely.

During Tuesday's press briefing, a reporter asked White House press secretary Sarah Sanders the following question:

“If Robert Mueller ends up looking into the president's finances, or if he has already looked into the president's finances, does the president, does this White House believe that is a 'red line,' and if so, why?”

Sanders fired back:

"Look, I think it's important to note and hopefully you guys have seen this statement that Jay Sekulow, a member of the president's legal team, has put out within the last hour.

That they confirmed that the news reports that the special counsel had subpoenaed financial records relating to the president are completely false, no subpoena has been issued or received, we've confirmed this with the bank and other sources."

She continued with a shot at the media, saying, “I think that this another example of the media going too far too fast, and we don't see it going in that direction.”